I think it is mainly a lack of investor confidence in the production performance of the company. That lack of confidence from potential buyers also means shorters have a tendency to amplify the down moves.
Today's move wasn't in isolation though with quite a few of the other resources stocks (and some goldies) beaten up
Like A Rock Again, page-3
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 (20min delay)
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Last
$1.67 |
Change
0.053(3.25%) |
Mkt cap ! $1.254B | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.68 | $1.64 | $3.140M | 1.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 15000 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 95709 | 34 |
View Market Depth
| Last trade - 11.51am 20/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |